5 Best Green Energy Penny Stocks to Buy Now

In this article, we discuss the 5 best green energy penny stocks to buy now. To read the detailed analysis of the renewable energy industry, go directly to the 10 Best Green Energy Penny Stocks to Buy Now.

5. Broadwind, Inc. (NASDAQ:BWEN)

Number of hedge fund holders: 8

Broadwind, Inc. (NASDAQ:BWEN) fabricates components for clean energy and other industrial purposes. In 2022, the company generated a revenue of $176.8 million and had non-GAAP adjusted EBITDA of $2.4 million. For 2023, Broadwind, Inc. (NASDAQ:BWEN) expects the revenues to increase and guided it to the range of  $200 million to $220 million. The outlook for non-GAAP adjusted EBITDA for the year is $14 million to $16 million.

In the last three months, Broadwind, Inc. (NASDAQ:BWEN) stock was covered by 2 Wall Street analysts and both of them maintain a Buy rating on the stock with a $12 price target. The analysts’ price target shows an over 200% upside to the stock price of $3.82 at the time of market close on June 30.

In the first quarter of 2023, 8 hedge funds held a stake in Broadwind, Inc. (NASDAQ:BWEN). AIGH Investment Partners, Marshall Wace LLP, Two Sigma Advisors, and Schonfeld Strategic Advisors initiated new positions in the company with a combined value of over $4.7 million. The total stake value of all 8 hedge funds was over $5.3 million.